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The arrest on sexual assault charges of the head of the International Monetary Fund has embarrassed an elite institution often resented for dictatiIng fiscal chastity to developing countries.IMF managing director Dominique Strauss-Kahn's arrest by New York police for attempting to rape a hotel chambermaid opens a gaping hole at the institution just as it wrestles with a deep and complex financial crisis across Europe.

Fallen IMF chief Dominique Strauss-Kahn plotted his defense against sexual assault charges Sunday at a Manhattan apartment where he is under house arrest following release from jail.The former International Monetary Fund head was keeping a low profile as he was free on hefty bail while facing charges of sexually assaulting a west African maid cleaning his suite in a luxury Manhattan hotel.Under strict bail conditions, Strauss-Kahn, 62, was not allowed to step outside the apartment at 71 Broadway, in the heart of New York's financial district.

Fallen IMF chief Dominique Strauss-Kahn has been plotting his defense against sexual assault charges at a Manhattan apartment where he is under house arrest following release from jail.The former International Monetary Fund head was keeping a low profile as he was free on hefty bail while facing charges of sexually assaulting a west African maid cleaning his suite in a luxury Manhattan hotel.Under strict bail conditions, Strauss-Kahn, 62, was not allowed to step outside the apartment at 71 Broadway, in the heart of New York's financial district.